Mahanagar Gas Ltd: Out of Gas.. will it refill gas at support???

Mahanagar Gas Ltd
CMP 1094

Last time we covered the stock at 1120 levels for target of 1220
Link to previous post

It over exceeded our target and went to 1345 level... However the stock went out of gas there and fell straight from 1345 to 1060 odd levels... which provides good support.

Since listing it's also the first time when the stock has corrected by such a huge margin ( by its standards )

MGL             to refill it's energy here... FULL TANK PLEASE...and push up again...

Good from long term investment point of view too purely because of

- Strong fundamental & strong business model...
(25 years of business exclusivity where ever they win bids. Mumbai region will end in 2020 ... Thane region in 2030 and Raigad district in 2040... However All exclusivity terms extendable in blocks of 10 years...& All future expansions in other regions are expected to be in similar lines of exclusivity rights)
- key risk they have to win it though tenders and bids

- Strong promoters

- Good Management

- Good Dividend payout history by Management

The stock can be looked at current levels and on dips towards 1080-1060 levels.

That's the story from Fundamental point of view and we have looked at how the picture looks from Technical analysis point of view... and I am open for looking at the stock from my retirement planning... :-)

Take care & happy investing...!!!

Related Ideas

EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out